Finance Chiefs In Steps To Avoid Euro Fallout
Source: Agencies |
November 12, 2011, Saturday
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Print Edition
Print Edition
ASIA-PACIFIC finance chiefs agreed to do more to create jobs and energize economic growth to prevent the malaise from Europe's debt crisis from spreading to the region. The European crisis is adding to the urgency in the Asia-Pacific -- now the strongest driver of world growth - for more effective trade regimes to help spur job creation and for reforms to ensure financial resiliency.
"The economies gathered here are in a better position than most to take steps to strengthen growth in the face of these pressures," US Treasury Secretary Timothy Geithner said after a meeting of finance ministers of the 21-member Asia-Pacific Economic Cooperation forum.
"The economies gathered here are in a better position than most to take steps to strengthen growth in the face of these pressures," US Treasury Secretary Timothy Geithner said after a meeting of finance ministers of the 21-member Asia-Pacific Economic Cooperation forum.
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